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Company: Citigroup Global Markets

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stock market gains

Global IPOs and secondary offerings set records, at the same time as green bond issuance jumped

Financial stock exchange market display screen board on the street

RBC leads debt markets, BMO tops equity league tables

Wall Street Bull bronze sculpture in the Financial District in Manhattan

Spike in underwriting activity fuels jump in banking fees

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Only debt underwriting fees increased

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But if a global slowdown develops, will governments have the political will to enact fiscal measures?

Citigroup also ordered to review its policies, systems, procedures and training relating to sales charge waivers in mutual fund transactions

Citigroup Global Markets, Smith Barney Fund Management to pay US$208 million in penalties